Result of AGM

RNS Number : 7107D

ASA International Group PLC

30 June 2021

 

ASA International Group plc announces result of Annual General Meeting

Amsterdam, London, United Kingdom / Amsterdam, The Netherlands, 30 June 2021 - ASA International Group plc (LSE: ASAI) ('ASA International', the 'Company' or the 'Group'), one of the world's largest international microfinance institutions, today held its Annual General Meeting ('AGM') at the offices of Investec, 30 Gresham Street, London EC2V 7QP, United Kingdom, at 11.00am BST.

Each of the resolutions contained in the Notice of Meeting were put to the AGM and voted on by way of a poll. All were duly approved.

As stated in the Company's AGM Notice and under Listing Rule 9.2.2.E, a resolution to elect or re-elect an Independent Director must be passed by both a majority of the independent shareholders (i.e. shareholders of the Company who are entitled to vote on the election of Directors and who are not controlling shareholders) and a majority of all shareholders (including the majority shareholder). In order to determine this, votes cast by the independent shareholders were counted separately in respect of the election of Praful Patel, Gavin Laws, Guy Dawson, Hanny Kemna and Dr Salehuddin Ahmed and are set out below.

The total number of votes received on each resolution put to the AGM was as follows:

No.	Resolution	Votes FOR (a)		%	Votes AGAINST	%	Votes WITHHELD (b)
1	Receive 2020 Annual Report and Accounts	77,412,512		98.75%	982,697	1.25%	0
2	Approve Annual Report on Remuneration	78,395,209		100.00%	0	0.00%	0
3	Elect Guy Dawson as a Director	All Independent	78,395,209	100.00%	0	0.00%	0
			30,308,817	100.00%	0	0.00%	0
4	Elect Dirk Brouwer as a Director	78,395,209		100.00%	0	0.00%	0
5	Elect Aminur Rashid as a Director	78,395,209		100.00%	0	0.00%	0
6	Elect Praful Patel as a Director	All Independent	78,395,209	100.00%	0	0.00%	0
			30,308,817	100.00%	0	0.00%	0
7	Elect Gavin Laws as a Director	All Independent	78,395,209	100.00%	0	0.00%	0
			30,308,817	100.00%	0	0.00%	0
8	Elect Hanny Kemna as a Director	All Independent	78,395,209	100.00%	0	0.00%	0
			30,308,817	100.00%	0	0.00%	0
9	Elect Dr Salehuddin Ahmed as a Director	All Independent	78,135,840	99.67%	259,369	0.33%	0
			30,049,448	99.14%	259,369	0.86%	0
10	Re-appoint Ernst & Young LLP as Auditor	78,395,209		100.00%	0	0.00%	0
11	Authorise Audit & Risk Committee to approve Auditor remuneration	78,395,209		100.00%	0	0.00%	0
12	Authorise Directors to allot shares	74,976,598		95.64%	3,418,611	4.36%	0
13	Authority to disapply pre-emption rights (up to 5% of issued share capital) (c)	78,395,209		100.00%	0	0.00%	0
14	Authority to disapply pre-emption rights in connection with specific acquisition/ investment (further 5% of issued share capital) (c)	78,395,209		100.00%	0	0.00%	0
15	Authority to purchase own shares (c)	78,395,209		100.00%	0	0.00%	0
16	Authority to call General Meetings (except AGM's) by notice of not less than 14 days (c)	76,440,306		97.51%	1,954,903	2.49%	0

NOTES:

(a) The "For" proxy vote includes those giving the Chairman discretion.
(b) A vote "Withheld" is not a vote in law and is not counted in the calculation of the proxy votes "For" or "Against" the resolution.
(c) Special resolution .

The total number of ordinary shares in issue on 28 June 2021, the deadline for casting votes by proxy in advance of the AGM, was 100,000,000   shares. 78.40 % of voting capital, including votes withheld, was instructed in respect of the resolutions put to the AGM.

The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at www.asa-international.com   In accordance with the UK Listing Authority's Listing Rule 9.6.2, copies of all the resolutions passed by the Company's shareholders, other than ordinary business will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

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Enquiries:

ASA International Group plc

Investor Relations      [phone]

Véronique Schyns     [e-mail]

About ASA International Group plc

ASA International is one of the world's largest international microfinance institutions, with a strong commitment to financial inclusion and socioeconomic progress. The company provides small, socially responsible loans to low-income, financially underserved entrepreneurs, predominantly women, across South Asia, South East Asia, West and East Africa.

 

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